Ultra Clean - UCTT Stock Forecast, Price & News

Ultra Clean Holdings, Inc. develops and supplies critical subsystems, components and parts, and ultra-high purity cleaning and analytical services for the semiconductor industry in the United States and internationally. The company provides ultra-clean valves, high purity connectors, industrial process connectors and valves, pneumatic actuators, manifolds and safety solutions, hoses, pressure gauges, and gas line and component heaters; chemical delivery modules that deliver gases and reactive chemicals in a liquid or gaseous form from a centralized subsystem to the reaction chamber; and gas delivery systems, such as weldments, filters, mass flow controllers, regulators, pressure transducers and valves, component heaters, and an integrated electronic and/or pneumatic control system. It also offers various industrial and automation production equipment; fluid delivery systems consist of one or more chemical delivery units, including PFA tubing, filters, flow controllers, regulators, component heaters, and an integrated electronic and/or pneumatic control system; precision robotic systems; top-plate assemblies; frame assemblies; process modules, a subsystem of semiconductor manufacturing tools that process integrated circuits onto wafers; and other high-level assemblies. In addition, the company provides tool chamber parts cleaning and coating services; micro-contamination analysis services for tool parts, wafers and depositions, chemicals, cleanroom materials, deionized water, and airborne molecular contamination; and analytical verification services for process tool chamber part cleaning. It primarily serves original equipment manufacturing customers in the semiconductor capital equipment and semiconductor integrated device manufacturing industries, as well as display, consumer, medical, energy, industrial, and research equipment industries. The company was founded in 1991 and is headquartered in Hayward, California.

Analysts Set New Price Targets

A number of research analysts have weighed in on UCTT shares. DA Davidson reduced their target price on Ultra Clean from $80.00 to $65.00 in a report on Thursday, April 28th. TheStreet lowered shares of Ultra Clean from a "b-" rating to a "c+" rating in a report on Friday, July 29th. Needham & Company LLC decreased their price objective on shares of Ultra Clean from $45.00 to $42.00 and set a "buy" rating on the stock in a research report on Friday, July 29th. Cowen dropped their target price on shares of Ultra Clean from $54.00 to $42.00 in a research report on Monday, August 1st. Finally, Cowen decreased their price target on shares of Ultra Clean to $42.00 in a report on Tuesday, August 9th.

Ultra Clean Price Performance

Shares of UCTT Stock traded up $0.97 during trading hours on Thursday, hitting $33.28. 261,597 shares of the company's stock were exchanged, compared to its average volume of 425,608. The company has a market capitalization of $1.51 billion, a PE ratio of 19.02 and a beta of 1.96. The company has a current ratio of 2.81, a quick ratio of 1.79 and a debt-to-equity ratio of 0.59. Ultra Clean has a 12-month low of $26.00 and a 12-month high of $60.84. The business's 50 day simple moving average is $31.44 and its 200-day simple moving average is $36.38.

Ultra Clean (NASDAQ:UCTT - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. The business had revenue of $608.70 million during the quarter, compared to the consensus estimate of $590.84 million. Ultra Clean had a net margin of 3.42% and a return on equity of 20.19%. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 earnings per share. On average, equities research analysts anticipate that Ultra Clean will post 3.88 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jacqueline A. Seto sold 1,460 shares of the company's stock in a transaction on Friday, May 27th. The shares were sold at an average price of $34.12, for a total transaction of $49,815.20. Following the completion of the sale, the director now directly owns 11,809 shares in the company, valued at approximately $402,923.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 2.10% of the company's stock.